October 10, 2018 / 5:44 PM / 2 months ago

James Murdoch in line to replace Musk as Tesla chairman -FT

Oct 10 (Reuters) - Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.

Tesla and Musk reached a settlement with U.S. Securities and Exchange regulators last month in which they agreed to pay $20 million each to financial regulators and that the billionaire would step down as chairman but remain as CEO. (Reporting by Sonam Rai in Bengaluru; editing by Patrick Graham)

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